Which of the Following Is an Expanded Form of Calculating

question 121

Multiple Choice

Which of the following is an expanded form of calculating return on investment?

• A)Profit margin ratio × Asset turnover ratio
• B)Net profit ratio × Inventory turnover ratio
• C)Gross profit ratio × EVA
• D)Asset turnover ratio × inventory turnover ratio

Learn about international contracts under the CISG and its relation to UCC.

Understand the key provisions and exceptions of the Statute of Frauds as applied within the UCC.

Distinguish between UCC and common law principles in contract formation and enforcement.

Recognize the criteria for a contract's validity, including acceptance and material terms under the UCC.

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Definitions:

Materials Quantity Variance

The difference between the actual quantity of materials used in production and the standard quantity expected to be used.

Direct Materials Purchases Variance

The difference between the actual cost of direct materials purchased and the expected cost, based on standards set for quantity and price.

Actual Operations

The real-world activities carried out by a company, as opposed to planned or projected operations.

Materials Quantity Variance

The difference between the actual amount of materials used in production and the standard amount expected to be used, multiplied by the standard cost of the materials.